Common use of Liability Records Clause in Contracts

Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Fargo’s request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 12 contracts

Samples: Credit and Security Agreement (Pinnacle Data Systems Inc), Credit and Security Agreement (Capstone Turbine Corp), Credit and Security Agreement (Capstone Turbine Corp)

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Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Fargo’s request, Company will admit and certify to Xxxxx Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to Xxxxx Fargo. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 3 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Nortech Systems Inc), And Security Agreement (Nortech Systems Inc)

Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by CompanyCompanies. Upon Xxxxx Fargo’s request, Company Companies will admit and certify in a Record the exact principal balance of the Indebtedness that Company Companies then believes believe to be outstanding. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company Funds Administrator notifies Xxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)

Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Hemacare Corp /Ca/)

Liability Records. Xxxxx Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Wxxxx Fargo in such form and content as Xxxxx Wxxxx Fargo in its sole discretion deems appropriate. Xxxxx Wxxxx Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Wxxxx Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Wxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Emcore Corp)

Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Physicians Formula Holdings, Inc.)

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Liability Records. Xxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Fargo in its sole discretion deems appropriate. Xxxxx Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by CompanyBorrower. Upon Xxxxx Fargo’s request, Company Lead Borrower will admit and certify in a Record the exact principal balance of the Indebtedness that Company Borrower then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Fargo shall be conclusive and binding unless Company Lead Borrower notifies Xxxxx Fargo in a detailed Record of its Borrower’s intention to dispute the billing statement or accounting within 30 45 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Command Security Corp)

Liability Records. Xxxxx Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Xxxxx Wxxxx Fargo in such form and content as Xxxxx Wxxxx Fargo in its sole discretion deems appropriate. Xxxxx Wxxxx Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Wxxxx Fargo’s request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Xxxxx Wxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Iridex Corp)

Liability Records. Xxxxx Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to Xxxxx Fargo in such form and content as Xxxxx Wxxxx Fargo in its sole discretion deems appropriate. Xxxxx Wxxxx Fargo’s calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Xxxxx Fargo’s request, Company will admit and certify to Wxxxx Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to Wxxxx Fargo. Any billing statement or accounting provided by Xxxxx Wxxxx Fargo shall be conclusive and binding unless Company notifies Xxxxx Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

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